The Cost Of: Black Friday spending projected to reach $75B globally
Globally, shoppers are expected to spend around $75B, a 5% increase from last year.
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Experts are projecting record spending this weekend, with Black Friday kicking off the holiday shopping season.
Globally, shoppers are expected to spend around $75B, a 5% increase from last year.
The three big categories will be electronics, clothing, and beauty products — 81% of shoppers will be buying clothing or accessories, and 20% of shoppers will spend more than $1,000.
Household consumption, which includes the things we need and want at home, accounts for about 70% of the country's GDP.
